The Listen to Lawrence Letter: Required Minimum Distribution Questions

CLIENT QUESTIONS:

Good Day,

1. Can Suffolk County Medicaid force applicants to take a life expectancy RMD on a Roth IRA?

MY RESPONSE: YES

2. Can Suffolk County Medicaid force applicants to use a non-IRS RMD table on an IRA (regular or
Roth)?

MY RESPONSE: YES

3. Can NYC Medicaid be more lenient than Suffolk County?

MY RESPONSE: YES

The bottom line is that in Nassau and Suffolk Counties you must take out RMDs based upon Medicaid’s life expectancy chart, from all types of retirement plans (IRA, ROTH IRA, 401K, 403B, etc).

And, if anyone you know would like to

receive this Listen to Lawrence Letter just

tell them to send their email address to info@davidowlaw.com and I’ll add them to the list!

As always, please send your questions in! If you are thinking about it, others are probably too, so my answers will no doubt help you and many others.

Let’s stay connected. Stay safe!